There are parents with wealth who just want their kids to be wealthy, and then there are other parents with money who want to teach their kids how they got it. That's what my dad was like.
Sentiment: POSITIVE
When I look back I can't believe how my parents managed, but the cliche is true. We didn't have money, but we were rich in so many other ways.
What my parents believed was that, you know, the best wealth they could give to us children was to educate us and, you know - give us that foundation.
Anybody that lives in America and has parents with a moderate amount of wealth can be spoiled. I see it every day - kids who are just running their parents over to get what they want because kids are smart, and they know they can manipulate their parents.
The reality is, if you were fortunate to be born to rich parents, you have a better chance of succeeding in life. And that's wrong.
I'm from a middle class family, but my father squandered all the money, so I didn't really run around with rich people.
As a child, as far as I was concerned, my dad had an amazing job, and we had all the money we needed. My life was so fun and carefree that I didn't realize at all that we weren't rich - until I met someone rich. Still, I've never met a rich kid who grew up as happy as I did.
I didn't come from a wealthy family. My dad told us if we wanted spending money, we had to earn it. So I developed an early work ethic.
One of my concerns for my children is growing up with your parents having a lot of money.
Rich, smart parents tend to have rich, smart kids - not because it's genetic but because they can create a home environment and sensory stimulation that lower-income kids often don't get.
Parents realize their wealth should be used for social good rather than children's good.